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ELLI > SEC Filings for ELLI > Form 8-K on 26-Aug-2014All Recent SEC Filings

Show all filings for ELLIE MAE INC

Form 8-K for ELLIE MAE INC


26-Aug-2014

Change in Directors or Principal Officers, Financial Statements and Exhibits


Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officer. On August 22, 2014, the Board of Directors (the "Board") of Ellie Mae, Inc. (the "Company") appointed Marina Levinson to the Board to serve as a Class II director of the Company, filling a new vacancy, until the Company's 2016 Annual Meeting of Stockholders, effective immediately. Ms. Levinson was also elected to serve on the audit committee of the Board (the "Audit Committee"). Consistent with the Company's compensation policy for non-employee directors, Ms. Levinson will receive the following:
            An initial grant of 8,585 Restricted Stock Units (the "Initial
             Grant"), which will vest in equal annual installments over three
             years, subject to continued service on the Company's Board. The
             Initial Grant will fully vest upon a change in control of the
             Company.


            Cash payments in the aggregate amount of $41,000 per annum,
             consisting of $32,000 for service on the Board and $9,000 for
             service on the Audit Committee. Such payments shall be paid
             quarterly in arrears, and Ms. Levinson will receive a pro-rated
             amount for her service for the remainder of 2014.

The Company intends to enter into its standard form of indemnification agreement with Ms. Levinson.
A copy of the press release announcing the appointment of Ms. Levinson as a member of the Board and Audit Committee is filed as Exhibit 99.1 to this Current Report.



Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Reference is made to the Exhibit Index attached hereto.


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